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Well-being budget unlikely to erode fiscal prudence, Fitch says

 International credit rating agency Fitch Ratings isn't perturbed by the government's adoption of new well-being measures, which it sees as shifting spending priorities rather than undermining fiscal prudence. 

Fitch yesterday affirmed New Zealand's long-term foreign currency issuer default rating at 'AA' and retained a stable outlook, saying high governance standards, a commitment to prudent fisca

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